Lam Research (LRCX) Tops Q2 EPS by 14c, Offers Guidance

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Go back to Lam Research (LRCX) Tops Q2 EPS by 14c, Offers Guidance

Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2015

January 27, 2016 4:06 PM EST

FREMONT, CA -- (Marketwired) -- 01/27/16 -- Lam Research Corp. (NASDAQ: LRCX) today announced financial results for the quarter ended December 27, 2015 (the "December 2015 quarter").

Highlights for the December 2015 quarter were as follows:

Shipments of $1,288 million and revenue of $1,426 million. GAAP gross margin of 43.9%, GAAP operating margin of 16.8%, and GAAP diluted EPS of $1.28. Non-GAAP gross margin of 45.5%, non-GAAP operating margin of 20.8%, and non-GAAP diluted EPS of $1.57. Key Financial Data for the Quarters Ended December 27, 2015 and September 27, 2015 (in thousands, except per-share data, percentages, and basis points) U.S. GAAP ---------------------------------------------------------------------------- December 2015 September 2015 Change Q/Q --------------- --------------- ------------- Shipments $... More